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Sale of private insurance covering damage from extreme weather tends to 1) reduce society's total...

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Accounting

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Sale of private insurance covering damage from extreme weather tends to 1) reduce society's total cost of extreme weather damage. 2) raise society's total cost of extreme weather damage. 3) leave society's total cost of extreme weather damage approximately unchanged. 4) raise or lower society's total cost of extreme weather damage depending on the types of extr weather events

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